Saskatchewan Mortgage Rates & Home Buying Guide
Saskatchewan offers the best affordability in Canada, with low home prices and no land transfer tax. Saskatoon and Regina are excellent markets for first-time buyers.
Last updated: May 2026
The most affordable major market in Canada.
- Saskatoon
- Regina
- Prince Albert
- Moose Jaw
No land transfer tax. Buyers pay only a title transfer fee of roughly 0.3% of the property value.
No land transfer tax keeps closing costs low. Federal FHSA, RRSP HBP, and the tax credit apply.
What to Know About Buying in Saskatchewan
Lowest average home prices among major provinces.
No land transfer tax — only a small title fee.
Strong affordability for first-time buyers.
Mortgage rates in Saskatchewan are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in Saskatchewan, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
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Calculate Your Saskatchewan Mortgage
Model your monthly payment and estimate your land transfer tax for Saskatchewan.